The 2023 Florida Statutes (including Special Session C)

Title XXXVII
INSURANCE

Chapter 624
INSURANCE CODE: ADMINISTRATION AND GENERAL PROVISIONS

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F.S. 624.10

624.10 Other definitions.—As used in the Florida Insurance Code, the term:

(1) “Affiliate” means an entity that exercises control over or is directly or indirectly controlled by the insurer through:

(a) Equity ownership of voting securities;

(b) Common managerial control; or

(c) Collusive participation by the management of the insurer and affiliate in the management of the insurer or the affiliate.

(2) “Affiliated person” of another person means:

(a) The spouse of the other person;

(b) The parents of the other person and their lineal descendants, or the parents of the other person’s spouse and their lineal descendants;

(c) A person who directly or indirectly owns or controls, or holds with the power to vote, 10 percent or more of the outstanding voting securities of the other person;

(d) A person, 10 percent or more of whose outstanding voting securities are directly or indirectly owned or controlled, or held with power to vote, by the other person;

(e) A person or group of persons who directly or indirectly control, are controlled by, or are under common control with the other person;

(f) An officer, director, partner, copartner, or employee of the other person;

(g) If the other person is an investment company, an investment adviser of such company, or a member of an advisory board of such company;

(h) If the other person is an unincorporated investment company not having a board of directors, the depositor of such company; or

(i) A person who has entered into a written or unwritten agreement to act in concert with the other person in acquiring or limiting the disposition of securities of a domestic stock insurer or controlling company.

(3) “Control,” including the terms “controlling,” “controlled by,” and “under common control with,” means the direct or indirect possession of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract other than a commercial contract for goods or nonmanagement services, or otherwise. Control is presumed to exist if a person, directly or indirectly, owns, controls, holds with the power to vote, or holds proxies representing 10 percent or more of the voting securities of another person.

(4) “NAIC” means the National Association of Insurance Commissioners.

(5) “Transact” with respect to insurance includes any of the following, in addition to other applicable provisions of this code:

(a) Solicitation or inducement.

(b) Preliminary negotiations.

(d) Transaction of matters subsequent to effectuation of a contract of insurance and arising out of it.

History.—s. 10, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 15, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 1, ch. 2014-101.

F.S. 624.10 on Google Scholar

F.S. 624.10 on Casetext

Amendments to 624.10

Arrestable Offenses / Crimes under Fla. Stat. 624.10

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 624.10.

Annotations, Discussions, Cases:

Cases from cite.case.law:

NOVAK, v. DOUGLAS A. LINES, P. C., 845 F. Supp. 2d 35 (D.D.C. 2012)

. . . that the defendants (1) breached the contract entitling him to 5% of the gross fee recovery or $207, 624.10 . . .

ADVANTAGE GENERAL INSURANCE CO. LTD. v. KILN QBE INTERNATIONAL,, 8 So. 3d 1213 (Fla. Dist. Ct. App. 2009)

. . . .” § 624.10(1)-(3), Fla. Stat. (2007). . . .

In A GATZKE, A v. LLC, LLC, LLC, A LLC,, 365 B.R. 138 (Bankr. D. Mont. 2007)

. . . B, including a cash register receipt from First Interstate Bank Evergreen in the amount of $624.10 which . . .

K. BORDEN, v. EAST- EUROPEAN INSURANCE COMPANY,, 921 So. 2d 587 (Fla. 2006)

. . . . § 624.10, Fla. Stat. (2005). . . . District observed that the term “transact” with respect to insurance is statutorily defined in section 624.10 . . . ub-seetions (l)-(3) place a residency limitation on the very activities that are encompassed within section 624.10 . . . As recognized by the Second District, section 624.10 encompasses some of the same transactions enumerated . . . For example, section 624.10, which provides section 626.906(4) with its definition of “transaction of . . .

EAST- EUROPEAN INSURANCE COMPANY PLC, v. K. BORDEN,, 884 So. 2d 233 (Fla. Dist. Ct. App. 2004)

. . . that subsection (4) uses the language “transaction of insurance,” which the court, citing to section 624.10 . . . Section 624.10, provides: “Transact” with respect to insurance includes any of the following, in addition . . . The court noted that “[sjection 624.10 is not limited, expressly or by implication, to transactions involving . . . of the UIPL’s statement of the legislative purpose, we also question the court’s reliance on section 624.10 . . . The Winterthur court used section 624.10 to separate subsection (4) of section 626.906 from the “contracts . . .

HASSNEH INSURANCE COMPANY OF ISRAEL, LTD. v. PLASTIGONE TECHNOLOGIES, INC., 623 So. 2d 1223 (Fla. Dist. Ct. App. 1993)

. . . According to section 624.10, Florida Statutes (1991), a transaction of insurance includes the “[ejffectuation . . .

WINTERTHUR INTERNATIONAL, LTD. v. PALACIOS,, 559 So. 2d 1214 (Fla. Dist. Ct. App. 1990)

. . . terminology employed in section 626.906(4), "transaction of insurance,” is a term defined by section 624.10 . . . . § 624.10; see id. § 624.01 (defining Florida Insurance Code). . . . Section 624.10 is not limited, expressly or by implication, to transactions involving Florida residents . . .

NATIONAL FEDERATION OF RETIRED PERSONS, v. DEPARTMENT OF INSURANCE,, 553 So. 2d 1289 (Fla. Dist. Ct. App. 1989)

. . . solicitation or inducement” within the meaning of “transacting insurance” as that term is used in section 624.10 . . .

v., 36 T.C. 1043 (T.C. 1961)

. . . stipulated net sales 9 The account amounts: 1937_____ $944, 373. 74 1938_,_•_ 714, 033. 03 1939_,___ 900, 624.10 . . .

HOOD, v. HOOD,, 100 So. 2d 422 (Fla. Dist. Ct. App. 1958)

. . . six months’ period from January 1, 1956, through June 30, 1956, his adjusted gross income was $17,-624.10 . . .